India performance eats into Uber's food delivery margins

India performance eats into Uber's food delivery margins

The interior of the office of ride-hailing service Uber is seen in this picture in Gurugram, previously known as Gurgaon, on the outskirts of New Delhi, India, April 19, 2016. REUTERS/Anindito Mukherjee/File photo

Heated competition and increased incentives in the Indian market weighed heavily on Uber Eats’ take rate in the first quarter of this year, the company revealed last week.

The take rate is the percentage of each dollar a company keeps as transaction-based revenue from the gross food sales on its platform.

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